[The Auditors Institute Ltd]

Hello Phuong

Thanks for the question.

It is fortunate that the apparently hacked amount is relatively small.

Fortunate from both a materiality perspective  (I am assuming the amount is not material although I appreciate I do not know the member’s balance) and from the fund’s perspective, the amount is relatively small.

I would think the amount is to be disclosed in the P&L as “Loss from theft” or something similar.

If the amount was material, I would be asking for copies of correspondence between the fund and the bank in relation to the apparent theft.

Best regards

The Auditors Institute